#数字资产市场动态 ⚖️ The Judicial Test of the Federal Reserve's Independence | Central Bank Leaders Testify for Colleagues for the First Time

This week's most explosive financial event is here—the Federal Reserve Chair Jerome Powell made a rare appearance before the U.S. Supreme Court to publicly defend Board Member Cook. This is the first time in Fed history that a leader has personally stepped into the courtroom to support a colleague, highlighting how sensitive this lawsuit is.

The core issue is quite straightforward: Can the President arbitrarily dismiss Federal Reserve Board members? It may sound like a personnel matter, but it actually concerns the long-standing tradition of political neutrality maintained by the U.S. central bank for decades. If the Supreme Court rules that the President has unlimited power to replace Board members, the independence firewall established by the Fed would be completely shattered.

Powell has recently already pushed back against this scheme—he bluntly stated that the pressure and threats from the White House are fundamentally aimed at forcing the central bank to cut interest rates significantly. This appearance in court is not just about defending Cook personally, but about the Fed defending its space as an independent financial institution.

Why does this matter to us? It’s simple—the credibility of the Fed’s policies, the stability of the dollar, global capital flows… all hinge on the independence of the central bank. If the central bank is at the whim of the President, how will the markets react? Global investors are watching this ruling closely.

Remember the key timing: the hearing on Wednesday could redefine the landscape of American financial decision-making.